D—2

STATEMENT No. 14 Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1948; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date

ISoie.—The amount stated in this return as the cost of construction of opened lines includes the Provincial and General Government expenditure on railways. It also includes the Midland Railway and expenditure by the Greymouth and Westport Harbour Boards on railways and wharves under the provisions of section 7 of the Railways Authorization Act, 1885, the information regarding the last-mentioned being furnished by the respective Boards, Th#' rate of interest earned has been computed on the average capital.

STATEMENT No. 15 Capital Expenditure out of Working Railways Account for the Year ended 31st March, 1948

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Section of Railway. Opened Lines. Net Revenue. Rate of Interest earned. lines and Works. Rolling-stock. Total. North Island Main Line and Branches South Island Main Line and Branches Nelson £ 38,221,686 23,220,960 490,152 £ 7,476,315 4,419,563 9,641 £ 45,698,001 27,640,523 499,793 £ -563,188 -535,601 -27,022 £ s. d. Lake Wakatipu steamer service Subsidiary services, &c. In suspense— General 61,932,798 20,396 3,220,422 9,896 11,905,519 73,838,317 20,396 3,220,422 9,896 -1,125,811 -3,465 489,251 65,183,512 11,905,519 77,089,031 -640,025 Total cost of opened lines at 31st March, 1948 77,089,031

Way and Works Branch: Particulars of Works. Depreciation Fund. Improvements and Additions to Open Lines. Total. Land Grading, formation, tunnels, and permanent-way Bridges, overbridges, subways, and culverts Station buildings, engine-sheds, and other operating buildings Fences, gates, cattlestops, cattle-yards, and loading-banks .. Dwellings and huts Stores and workshops buildings and plant Refreshment, advertising, and road-service buildings Cranes, weighbridges, turntables and water services Miscellaneous (roads, sewerage, drainage, &c.) Signalling, communications, and electrification Expenditure by Public Works Department: Grade easements and deviations £ Cr. 4,692 20,170 112,555 50,406 52,182 28,668 22,533 102,654 £ 1,815 78,460 22,511 25,622 6,873 59,034 35 Cr. 70 12,839 8,618 25,030 £ 1,815 73,768 42,681 138,177 6,873 109,440 52,217 28,598 12,839 31,151 127,684 384,476 240,767 58,815 625,243 58,815 384,476 299,582 684,058